On Wednesday, Signet Jewelers stock got a positive adjustment to its Relative Strength (RS) Rating, from 68 to 78.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.
This unique rating identifies market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 as they launch their largest price moves. See if Signet Jewelers can continue to show renewed price strength and clear that threshold.
See How IBD Helps You Make More Money In Stocks
Is Signet Jewelers Stock A Buy?
Signet Jewelers stock had a recent failed breakout from a consolidation with a 72.41 entry point. While the retail stock is not near a proper buy zone right now, see if it manages to form and break out of a proper base.
Earnings-per-share growth fell in the company's latest report from -25% to -48%, but sales rose from -2% to 3%.
Signet Jewelers stock holds the No. 3 rank among its peers in the Retail/Wholesale-Jewelry industry group. Movado Group and Swatch Group are also among the group's highest-rated stocks. For more industry news, check out "Retail Industry News And Stocks To Watch."
